Don Plinio describes the agreement as “a stepping stone for the FARC’s path to power”, while additionally

FARC members would be exempt from serving prison terms regardless of the atrocities they carried out for over 50 years; they’ll effectively be awarded 26 seats in Congress, 31 radio stations, a TV channel, a bountiful budget to propagate their ideology and will occupy vast regions of the country absent of Public [law enforcement] Forces, areas which effectively will become small independent states where they can spread their socialist project.

The contempt decision comes after the country has made several attempts to get around Judge Griesa’s series of rulings that say the country can’t pay its restructured bondholders until it pays the approximate $1.6 billion it owes to its holdout creditors.

Argentina recently passed legislation to switch the jurisdiction of its bonds governed by U.S. law to Argentina, which Judge Griesa repeatedly has said is illegal and can’t be carried out. The country also is trying to remove Bank of New York Mellon Corp. BK -0.85% as the trustee bank that processes payments and replace it with a local Argentine bank, another move that triggered the contempt citation.

“[Argentina] has been and is now taking steps in an attempt to evade critical parts of” U.S. court order, Judge Griesa said on Monday at the federal courthouse in Manhattan. “There’s a very concrete proposal that would clearly violate the injunction.”

Judge Griesa has jurisdiction in this case because Argentina in the 1990s borrowed money from foreign investors under the agreement that any disputes would be litigated in U.S. courts. Argentina defaulted in 2001, and has for years battled hedge funds that refused to accept debt exchanges in 2005 and 2010.